Attorney General Masto Announces an $8 Million Charitable Contribution as Part of a Settlement with Pfizer

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November 3, 2014

Las Vegas, NV – Nevada Attorney General Catherine Cortez
Masto announced today that her Office has reached a $9.5 million settlement with
Pfizer Inc., to resolve the State’s lawsuit that Pfizer and Wyeth
Pharmaceuticals unlawfully promoted certain postmenopausal hormone therapy
medications and misled Nevada consumers and physicians about the safety and
efficacy of these drugs.

“This settlement will help our local education institutions support programs
addressing women’s health issues,” said Masto.

On Oct. 27, Pfizer agreed to make an $8 million donation that will go towards
the University of Nevada School of Medicine and the University Medical Center to fund
Nevada health care programs affecting women’s health issues.

Pfizer is bound by a previous consent judgment announced in Aug. 2014 that
requires the company to ensure that its marketing and promotional practices do
not unlawfully promote any Pfizer product.